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Cryptocurrencies Price Prediction: Ripple, Avalanche and Shiba – European Wrap 1 June

Cryptocurrencies Price Prediction: Ripple, Avalanche and Shiba – European Wrap 1 June
FXStreet TeamFXStreet TeamFXStreet

Forget the SEC v Ripple lawsuit, these bullish fundamentals can help XRP price breakout

XRP price is recovering after the massive downswing that has been going on for more than a year. Unlike many altcoins, the remittance token is taking its sweet time to rally higher. However, the company Ripple seems to be doing well despite facing a war on multiple fronts.

XRP

Two bullish thesis coincide that Avalanche’s AVAX price can double

AVAX price is consolidating in a downward sloping channel, hinting at a volatile breakout soon. However, if the bulls need a rest first, a minor retracement might develop, allowing buyers to scoop up Avalanche at a discount, before triggering the next leg higher.

Avalanche

Shiba Inu burn rate plummets with Ryoshi disappearance, SHIB could crash like Terra’s LUNA

Shiba-Inu-themed meme coin's burn rate took a hit after the mysterious disappearance of SHIB founder Ryoshi. Experts at Finder believe that Shiba Inu could crash like Terra, as the project lacks usability. 

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FXStreet Team

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